Mary Is 38 Years Old and Many of Her Friends

Multiple Choice

Mary is 38 years old and many of her friends have gotten into trouble using their credit cards to buy things they can't afford.She feels lucky that her grandmother told her that credit is dangerous and that she should always pay cash for everything.So far,Mary has never had credit in her name and even paid cash for her car.From a personal finance perspective,what advice would you give to Mary?

A) Nothing,it looks like we all could take advice from her!
B) Make sure that you keep a lot of money in liquid investments in case of an emergency.
C) It's great that you don't owe any money,but you really need to establish credit in your name so you will have it if you need it in the future.
D) You might want to talk with your insurance agent because having no credit history is probably causing you to pay higher rates for your insurance.
E) Both C and D would be good advice for Mary.